Markets:
Big rally on bad news. So what gives? Nobody really honestly knows but the speculation is that since corporations can now borrow (commercial paper) a lot of things like "bridge loans" to continue construction projects are available and they can actually make payments on their debt; some car loans are becoming available too which is a small positive for the car biz.

But: happy days ain't here again. College and University endowments are in terrible shape, so bad that you may find tuition ruinously high, so high that faculty may be let go as departments actually close. Local governments are about to feel it and states are feeling it right now.

Can the rapacious unions be far behind? Power hungry union leaders are waiting for an Obama win and the imposition of the "check off" method of "organizing," then the "fairness doctrine" so nobody finds out. Then watch the "show trials" in the Congress of anyone connected with business.

You better vote by Tuesday.